- SPX Month continue to stay above the falling resistance line from 2007 High's. But price is yet to take out the horizontal resistance zone between 1360 - 1370 level.
- Week candle is showing some doubts at the top. candles like these led to a correction as shown on the left side of the chart. SPX will be weak below 10 week EMA.
- Weakness will be first visible in Four hour chart which is yet to happen. Price breaking below the 50 period SMA and the cloud will confirm a sell.
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
February 11, 2012
S&P 500 Analysis after closing bell
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment